Semiconductor shortage New strategy needed to boost competitiveness The world is suffering an increasingly acute shortage of semiconductors, particularly for automotive use. South Korea is no exception. That's why Industry Minister Sung Yun-mo has promised to work out measures to address the shortfall. His promise came Friday during a meeting with representatives of the local chip industry, including CEOs of Samsung Electronics, SK hynix and DB HiTek. He said his ministry will soon announce a "K-semiconductor belt strategy" aimed at turning Korea into a global factory for advanced semiconductors. Now the government should come up with comprehensive support programs for the industry. It needs to comply with the CEOs' request for more incentives for expanding manufacturing capacity, more investment in research and development, and an active response to the rapidly changing global market situation.